16 - 20 May |
weekly
forecast 16 - 20
May Gold weekly Review Wave Analysis: During the previous weeks, Gold markets broke above the resistive trend line, headed long and is currently retracing to the just broken trend line. During the previous week ending 13th May 2016, the pair traded short during the earlier parts of the week but e | ||
2016 | EURUSD | GBPUSD | USDJPY |
20 May | Wave Analysis EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair traded short as previously forecasted but could not reach our target support 1.1160. We expect further movements to the lower side, the current upward rally is a mere retracement and should not go above 1.121 | Wave Analysis GBP/USD is currently trading with a bearish bias. Yesterday, the pair retraced as previously forecasted but did not reach our target 1.4543. As long as the level 1.4543 protects the lower side, we expect an upward momentum but should not go above 1.4706-1.4729. Ideally, we anticipate | Wave Analysis USD/JPY is currently trading with a bullish bias. Earlier today, the pair broke above the descending channel, and is currently heading to the upper side. Following this breakout, we wait for minor downward pullbacks towards 109.95 to give us low risk buy opportunities. This view remai |
19 May | |||
18 May | |||
17 May | |||
16 May |